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Playing it Safe: Men, Women, and Risk Aversion

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Author Info

  • Catherine C. Eckel
  • Philip J. Grossman
  • Nancy Lutz
  • V. Padmanbhan

Abstract

Using data on mens' and womens' decisions to purchase extended warranties for computers, the authors find that women are more risk averse than men-they are more likely to purchase warranties, all else constant (including their perceptions of risk).

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Bibliographic Info

Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number archive-42.

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Date of creation: 1997
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Handle: RePEc:mos:moswps:archive-42

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Postal: Department of Economics, Monash University, Victoria 3800, Australia
Phone: +61-3-9905-2493
Fax: +61-3-9905-5476
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Web page: http://www.buseco.monash.edu.au/eco/
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Web: http://www.buseco.monash.edu.au/eco/research/papers/

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Cited by:
  1. Andreoni,J. & Vesterlund,L., 1998. "Which is the fair sex? : Gender differences in altruism," Working papers 10, Wisconsin Madison - Social Systems.
  2. William Harbaugh & Kate Krause & Lise Vesterlund, 2002. "Risk Attitudes of Children and Adults: Choices Over Small and Large Probability Gains and Losses," Experimental Economics, Springer, vol. 5(1), pages 53-84, June.
  3. Scotchmer, Suzanne, 2003. "Affirmative Action in Hierarchies," Department of Economics, Working Paper Series qt12j9d7c1, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  4. Scotchmer, Suzanne, 2006. "Risk Taking and Gender in Hierarchies," Department of Economics, Working Paper Series qt2tm5m16f, Department of Economics, Institute for Business and Economic Research, UC Berkeley.

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